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From the fact that people are very different it follows that, if we treat them equally, the result must be inequality in their actual position, and that the only way to place them in an equal position would be to treat them differently. Equality before the law and material equality are therefore not only different but are in conflict with each other; and we can achieve either one or the other, but not both at the same time

-- F.A. Hayak

Thursday, June 30, 2011

Obama and Corporate Jets

Obama excoriated the Republicans for the their support of tax breaks for owners of corporate jets.  Unknown to most of us, however,  Obama was for tax breaks for owners of corporate jets before he was against them. It turns out that the tax breaks for corporate jet owners was put in place in 2009 – when Democrats controlled the House, the Senate, and the Executive.

 

Damn those Republicans.

 

Posted by Michael Peterson at Thursday, June 30, 2011